Winston Salem, NC Office

DeRoy & Devereaux provides discretionary investment management primarily to high‑net‑worth individuals, families, foundations, pension plans, endowments and municipalities, and it serves as an investment adviser on donor‑advised fund accounts administered by unaffiliated sponsors. Services are limited to portfolio management of equities and fixed income and are charged on a percentage‑of‑assets basis; the firm also participates in wrap/SMA programs, dual‑contract managed accounts, and model portfolio platforms.

The firm follows a value‑oriented, largely bottom‑up fundamental investment approach across market capitalizations and bond sectors, operating focused equity portfolios (roughly 40–60 positions) and distinct strategies such as All Cap Value, SMID Cap Value, Total Return Bond and Investment Grade Intermediate. Portfolio managers monitor accounts on an ongoing basis, provide model portfolios to other advisors, and manage most assets on a discretionary basis.

Noteworthy differences from many peers include explicit relationships with municipal clients and the firm’s role in donor‑advised programs, while it does not provide financial or estate planning and generally maintains a $2 million account minimum that effectively excludes most non‑HNW retail clients. The firm also does not routinely vote proxies for clients (proxy voting is offered only by agreement and administered by a third party), uses soft‑dollar research arrangements, and maintains a small proprietary cash account — operational choices that distinguish its business model.